NU Online News Service, July 31, 3:34 p.m. – A Glenbrook Life and Annuity Company, a subsidiary of Allstate Financial Group, Northbrook, Ill., has introduced Glenbrook Provider Ultra, the first in a group of three variable annuity products scheduled to come out this year.
Each variable annuity in the family will include a large selection of brand-name subaccount options and an asset allocation tool from Standard & Poor's, New York.
The first product in the family also offers an enhanced earnings death benefit rider; a spousal step-up feature, which enables a surviving spouse to continue a contract after the death of the owner for a cash value equal to the death benefit amount; and a range of commission options.
Glenbrook expects to add a bonus annuity and a level-load annuity to the Glenbrook Provider family later this year, the company says.
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